Technical Analysis and Outlook
Bitcoin's sudden drop should not be a big surprise to us. The completion of Outer Coin Rally $18,500 on Nov 18th and significant TARC formation (TSS proprietary symbol not shown) within the buffer zone of All Time Key Resistance $19,650 was the red flag. The coin 3-Step rebound to Key Res $19,190, Inner Coin Rally projection $19,800, and the Outer Coin Rally $22,600 is in the process. There is, however, a remote possibility of one more drop to Mean Sup $14,865. See 'Weekly Market Review & Analysis For November 23, 2020, page to continue the rest story.
Bitcoin's sudden drop should not be a big surprise to us. The completion of Outer Coin Rally $18,500 on Nov 18th and significant TARC formation (TSS proprietary symbol not shown) within the buffer zone of All Time Key Resistance $19,650 was the red flag. The coin 3-Step rebound to Key Res $19,190, Inner Coin Rally projection $19,800, and the Outer Coin Rally $22,600 is in the process. There is, however, a remote possibility of one more drop to Mean Sup $14,865. See 'Weekly Market Review & Analysis For November 23, 2020, page to continue the rest story.